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The adjustment of socio-economic targets is a big and unprecedented issue, because the targets set in the NA’s Resolution are concretised from the Resolution of the Party Central Committee. On the basis of the Government’s proposal, the decision on the adjustment of growth targets will be made by the competent levels, with the current political and legal bases taken into account. According to economic experts, the adjustment of GDP growth target and relevant macro targets in accordance with the new developments in the domestic and international socio-economic situations will create favourable conditions for the Government in its management work, towards realising the dual goal of successfully combating the pandemic and reviving the economy after the disease. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

In Cambodia, Deputy Prime Minister and Minister of Interior Sar Kheng asked the administration in localities that border Thailand to increase professional measures at border checkpoints to prevent Cambodian workers from entering Thailand, which will shut its border until June 30 to prevent the spread of COVID-19. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29

A teller counts Vietnamese banknotes. Since the outbreak of the novel coronavirus, banks in HCMC have provided support for some 224,000 local firms and household businesses – PHOTO: VNA HCMC – Banks in HCMC have lowered their interest rates and rescheduled loans worth VND290.5 trillion (US$12.4 billion) for around 224,000 firms and household businesses reeling from the coronavirus pandemic. … [Read more...] about HCMC banks offer support for 224,000 virus-hit businesses

“The GSO has requested the Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade to review prices from all stages from raising, purchasing, slaughtering and transporting the products to find the unreasonable factors in price formation and bring prices back to the true value.” — VNS … [Read more...] about Monthly CPI falls to lowest in five years

Canada’s Globe and Mail newswire has praised Vietnam’s COVID-19 fighting. (Photo for illustrastion: NDO) It stressed that Vietnam’s success was no accident. Its 1,450km border with China and frequent visitors from Wuhan, the site of the original outbreak in December and January, meant that Vietnam could have been overrun with cases. But it acted fast and did not wait for official warnings from the World Health Organization (WHO) before it closed its borders, locked down its economy and launched mass testing, tracing and quarantine measures. … [Read more...] about Canada newswire: Vietnam – standard in COVID-19 fight